Real Estate Investing in Saint Petersburg, Florida (33712)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33712 (Saint Petersburg, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 25.6% of homes vacant — above national norms.
What’s happening in Saint Petersburg, FL (33712)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33712 Saint Petersburg
This part of Pinellas County is not an easy win. The 33712 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $324K asset, 33712 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Saint Petersburg have seen price recovery that 33712 has not matched. Pinellas County data supports the view that the spread is structural rather than temporary.
Stepping back, 25,871 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 33712 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Saint Petersburg:
Property Strategy for 33712
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $128,603 | $1,640 | 9.2% | +8.2% | $128,603 |
| 2BR | $228,658 | $1,920 | 6.0% | +8.6% | $114,329 |
| 3BR | $379,965 | $2,460 | 4.7% | +8.9% | $126,655 |
| 4BR | $504,339 | $2,990 | 4.3% | +9.3% | $126,085 |
| 5BR | $544,722 | — | — | +9.6% | $108,944 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33712 Compare?
| Metric | 33712 | Saint Petersburg | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $324,415 | $398,839 | N/A | $374,697 |
| 5-Year CAGR | 4.1% | 3.1% | N/A | 7.4% |
| Avg Rent | $1,852 | $2,178 | N/A | - |
| Cap Rate | 4.5% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33712 (Saint Petersburg, FL). Anonymous, moderated, never written by AI.
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Property managers serving Pinellas County
Manage rentals here? List your business →All County Southern Shores provides full-service residential property management in Myrtle Beach, SC and surrounding areas, focusing on maximizing investment returns and managing tenant relationships. summary from their website
All County Suncoast provides full-service residential property management in Saint Petersburg, FL and surrounding areas, focusing on maximizing investment returns and managing tenant relationships. summary from their website
Dennis Property Management offers rental agency and management services in the Tampa Bay area, including multi-family management, investor packages, and resources for homeowners and tenants. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $324,415 |
| Monthly Rent | $1,852 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | -1.4% ▼ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +10.3% ▲ |
🏠 Rent Trends
| 1-Year | +0.3% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +7.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 33712
Population: 25,871
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 33712
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BAY VISTA FUNDAMENTAL ELEMENTARY SCHOOL
CAMPBELL PARK ELEMENTARY SCHOOL
DOUGLAS L. JAMERSON JR. ELEMENTARY
LAKEWOOD ELEMENTARY SCHOOL
MIDTOWN ACADEMY
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,774 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Saint Petersburg in FL worth investing in?
Investors tracking Saint Petersburg, FL will find a 3.0/5 rating supported by $324K median home values and $1,852/mo rents. That profile suits long-term holders targeting consistent returns.
What is the typical rental rate in Saint Petersburg, FL?
The typical rental in Saint Petersburg, FL commands about $1,852/mo monthly. That rent profile reliable cash flow against the $324K purchase basis.
What is the average home sale price in Saint Petersburg, FL?
Typical homes in Saint Petersburg, FL go for around $324K. The 5-year CAGR of 0.0% consistent price movement.
What is the renter demographic in Saint Petersburg, FL?
Saint Petersburg, FL offers a reliable renter base at the $1,852/mo rent level. Tenant turnover is reasonable for well-managed properties.
What kind of vacancy should I budget for in Saint Petersburg, FL?
Occupancy in Saint Petersburg, FL runs even-keeled with elevated vacancy. Well-priced units at $1,852/mo lease on reasonable timelines.
You know 33712 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33712 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 33712 ranks in Tampa-St. Petersburg-Clearwater, FL
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